BSESharika Enterprises LtdMediumPositive
Announced Fri, 20 Mar · 12:58 IST

Intimation of Receipt of Order from Larsen and Toubro Limited

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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹9.99
prior close
₹10.42
base price
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+0.0-2.3-2.3-1.8+1.1+8.5+2.1-11.8-8.9-1.2+24.6+27.5+25.7+90.5
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AI summary

Sharika Enterprises has received a purchase order worth Rs. 9.47 crore from Larsen & Toubro Limited for the supply of communicable feeder pillars (FPIs) under the RDSS Varanasi SCADA project for PuVVNL (a Uttar Pradesh state power distribution company). The order is domestic in nature and is to be executed by 31st December 2026. L&T is a well-known major EPC contractor, and the underlying project falls under the Government of India's Revamped Distribution Sector Scheme (RDSS) for power distribution utilities. There is no promoter group interest in L&T, and the order is not a related-party transaction.

Likely market impact

This is a positive new order win from a reputed client, adding Rs. 9.47 crore to the order book and providing near-term revenue visibility. Investors should note that the order value is moderate, and the company's overall revenue size will determine how material this win is to total business.